Deals: A Copy Cat Play with Merck in Wings
In our M&A Roundup for the week ended March 8, another solid combination of resources, energy, and pharma deals — on the eve of today's Schering-Plough announcement.
Deals: They Resurface in a Global Flurry
In our M&A Roundup for the week ended March 1, values surge from the prior week, and every North American transaction but one is cross-border.
Is GM a “Going Concern”? Wait and See
In reporting a near-record 2008 loss, the automaker says auditor Deloitte is expected to raise the question in its opinion. CFO Young discusses its operating, negotiating issues.
Bernanke: U.S. Action Could End Recession in 2009
Despite severe economic contraction, he tells Senate Banking Committee, there's "a reasonable prospect" of recovery beginning next year if the president, Congress, and Fed succeed in restoring stability.
Deals: Where Have All the Mergers Gone?
In our M&A Roundup for the week ended Feb. 22, no big deal emerges to keep weekly totals respectable, as has been the case during the general fall-off in transactions the last few months.
More Firms Put Workers in the Crosshairs
Layoff plans announced range from Goodyear to Walt Disney to Avon as U.S. jobless numbers skyrocket.
Exec-level CPA Hopes Dim for Early Rebound
Quarterly survey by AICPA and UNC shows the 40 percent who expected a late-2009 turnaround now slipping to 30 percent.
Fed Sees Economic Slide, Moving Target for Stimulus
Deteriorating U.S. numbers, including the first contraction in the overall economy in 18 years, are forecast for 2009.
Deals: A Week of Health and Energy
In our M&A Roundup for the week ended Feb. 15, power-related companies and firms with medical connections account for most transactions. But none tops $1 billion.
How Liberty Media Got Sirius
Or 40 percent of the satellite broadcaster, anyway. It is investing an aggregate of $530m in a deal engineered by Liberty CEO Greg Maffei, which staves off a possible Sirius XM bankruptcy, and aces out a bid by rival EchoStar.
More Earnings Overwhelmed by Impairments
USAirways takes $622m writedown reflecting America West valuation, while ConocoPhillips, Flextronics, and Boston Scientific take charges in the billions.